SK Hynix is trading 25% up at $1220.00 as the stock stages a sharp recovery from its July 29 post-earnings selloff, bolstered by a broader rally across the semiconductor industry.
- Investors are buying the dip following record profits that initially failed to meet elevated AI-related expectations.
- Sentiment was significantly lifted by the broader chips sector (SOXX), which jumped over 5% on July 30, supporting the rebound for SK Hynix.